Legal Question in Business Law in India
Two firms, one Partnership & the other Proprietorship participated in a oil company road transport tender in different names and offered their Tank Lorries.The Managing Partner of the Partnership firm and the Proprietor of the Proprietorship firm is the same person. I mean the signing authority of the two firms is the same person. All tank lorries owned by the proprietor found to be fake and their RCs are cancelled by the competent authority and FIR lodged against the owner proprietor. The oil company disqualified both the bids. Is it lawful or Illegal ?
Asked on 6/17/16, 11:16 am
1 Answer from Attorneys
Fca Prashant Chavan
Expert Edge LLP
18.06.2016
Dear Sir / Madam,
It is perfectly valid action on the part of the Oil Company to disqualify both the establishments from the tender.
Regards,
Answered on 6/17/16, 5:55 pm
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